HEA 478 - Strategic Management in Healthcare » Fall 2021 » Chapter 7 Quiz

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Question #1
If a large percentage of an organization's product is purchased by one firm, what situation exists?
A.   High buyer power
B.   High seller market power
C.   A monopoly
D.   High rivalry
Question #2
Which of the following is not one of the driving forces discussed in the text?
A.   Chronic disease
B.   Technological changes
C.   Workforce availability
D.   Political changes
Question #3
In healthcare, GPO stands for
A.   group performance options
B.   group physician organization
C.   group policy ordinance
D.   group-purchasing organization
Question #4
All of the following create barriers to entry except
A.   access to distribution channels
B.   economies of scale
C.   product differentiation
D.   the size of a market
Question #5
Mobility barriers
A.   impede organizations from moving into a different strategic group
B.   increase the rivalry in a market
C.   block organizations from moving into a new industry
D.   are generally illegal in the United States
Question #6
A patient's reluctance to change his physician might be considered
A.   consumer preference
B.   a switching cost
C.   product differentiation
D.   monopolistic competition
Question #7
Governments in healthcare have increased barriers to entry by creating
A.   certificate-of-need laws
B.   membership requirements
C.   Medicaid
D.   Medicare
Question #8
Which of the following is not identified in the text as a factor that may increase rivalry?
A.   Similar leadership
B.   Height of exit barriers
C.   Degree of product differentiation
D.   Rate of demand growth
Question #9
Which of the following is not one of the forces used in Porter's Five Forces model?
A.   Threat of substitutes
B.   Potential for new entrants
C.   Power of buyers
D.   Power of key stakeholders
Question #10
Scenario analysis may be important
A.   for accurately allocating resources across corporate units
B.   for preparing contingencies for potential major changes in the future
C.   to organizations that exist in relatively stable environments
D.   to an organization's success because it enables the organization to accurately predict the future
Question #11
A PEST analysis is a method of
A.   determining patient origin
B.   analyzing market demand
C.   determining strategic goals
D.   selecting driving forces

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